XRP (XRP) slipped under the $1.350 mark and lost its 100-hour moving average, leaving traders bracing for a possible weekly breakdown toward the $1.31 region.
Key Points:
- XRP fell below $1.340 after a failed attempt to hold the $1.350 zone, with momentum indicators turning negative.
- Multiple technical readings now flash sell signals across hourly, daily and weekly timeframes.
- A close beneath $1.3125 could open the door to further losses near the $1.30 support shelf.
XRP Loses Key Support
XRP started a fresh downside correction after it failed to stay above the $1.350 zone, according to chart analysis published Wednesday. The token is now trading below $1.340 and the 100-hour simple moving average.
The decline tracked weakness in Bitcoin (BTC) and Ethereum (ETH), both of which have struggled to mount a recovery this week.
A bearish trend line has formed with resistance near $1.3580 on the hourly XRP/USD chart. The price also broke below the 61.8% Fibonacci retracement of its move from the $1.30 swing low to the $1.3740 high, a sign that buyers have lost their grip on the short-term structure.
Also Read: Ethereum Price Slips Below $2,100 As Buying Demand Quietly Cools
Traders Eye Weekly Breakdown
The hourly MACD has gathered pace in bearish territory, while the RSI sits below the 50 level, both pointing to fading buying interest. Broader screens echo that read, with most indicators now flashing sell signals on the daily and weekly charts.
The picture matters because XRP has spent weeks compressing inside a tightening range, and a clean break lower would confirm the pattern resolving to the downside. Initial support rests near $1.3175, followed by a more important shelf around $1.3125.
A daily close beneath that second level would expose the $1.30 zone, below which sellers could press toward $1.2920. Reclaiming $1.350 would shift the tone, sending the price back toward the $1.3580 trend line and the $1.3650 resistance band.
For now, weak liquidity and thin volume continue to cap recovery attempts.
XRP has traded heavy for most of the past month, sliding roughly 5% over that stretch and changing hands well below its January 2018 record near $3.80. The token has shed about a quarter of its value since the start of 2026, weighed down by repeated failed breakouts and a crypto market that has lacked a clear catalyst.
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